ETF Sees $422.6 Million Withdrawn, Marking a Notable Week
Investors are paying attention to the iShares Russell 2000 Value ETF (Symbol: IWN) as it recently experienced an outflow of approximately $422.6 million. This represents a 3.3% decrease in shares outstanding, dropping from 77,600,000 to 75,050,000 over the past week. Among IWN’s major holdings, SouthState Corp (Symbol: SSB) gained about 1.1%, while Old National Bancorp (Symbol: ONB) rose by 0.4%. Additionally, Taylor Morrison Home Corp (Symbol: TMHC) increased approximately 0.8%. For a comprehensive list of holdings, visit the IWN Holdings page »
The chart displays IWN’s performance over the past year, highlighting its price movement in relation to its 200-day moving average. Throughout the last 52 weeks, IWN’s share price has ranged from a low of $144.20 to a high of $183.5052. The last recorded trade for the ETF stood at $166.79, prompting investors to consider comparing this price with the 200-day moving average for insightful technical analysis — discover more about the 200-day moving average ».
Exchange-Traded Funds (ETFs) function similarly to stocks, with the key difference being that investors buy and sell “units” instead of shares. These units can be traded just like stocks, but they can also be created or destroyed in response to investor demand. Each week, we track changes in outstanding shares to identify ETFs experiencing significant inflows (indicating new unit creation) or outflows (indicating unit destruction). The creation of new units requires the purchase of underlying assets, while the destruction of units involves selling those assets. Consequently, notable flows can significantly impact the individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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